Tweet

Volkswagen pays performance-related bonus of €4,950

11.03.2020: CEO Dr. Herbert Diess and Works Council Chairman Bernd Osterloh praise team performance in 2019 For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The

CEO Dr. Herbert Diess and Works Council Chairman Bernd Osterloh praise team performance in 2019




For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The CEO of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the General Works Council, Bernd Osterloh, praised the team performance of Volkswagen employees last year.



Dr. Herbert Diess said: “The employees of Volkswagen again demonstrated a strong team performance in 2019. They have made a key contribution to the business success of Volkswagen. With the bonus under the collective bargaining agreement, we wish to thank them for their commitment and to allow each individual employee to participate in the success of the company.”



Bernd Osterloh emphasized: “2019 was another tough year for our colleagues. But once again, they got down to work to bring Volkswagen forward again. It is therefore only fair that the employees should now have their share in the company’s success. They have earned it.”



Volkswagen HR Board Member Gunnar Kilian warned: “This bonus reflects the successful year of 2019. For 2020, it is clear that expectations may be more limited. The transformation will call for dedication, flexibility and efficiency. Not only in view of coronavirus, the economy and therefore also Volkswagen face a highly challenging year.”



This bonus is based on the two-year calculation period laid down in collective bargaining agreements. Of the latest bonus, employees covered by collective bargaining agreements already received €1,690.50 gross with their salary for November 2019. This means that employees are still to receive an amount of €3,259.50 gross. This will be paid together with their salary for May.

   
   

Markus Schlesag -

Permanent-URL: http://www.automobilsport.com/volkswagen-performance-related-bonus---205034.html

11.03.2020 / MaP

More News

Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory Board
11.03.2020
Further to the signing of the Combination Agreement between Groupe PSA and FCA on December 17, 2019, and in order to ensure continuity until the closing of the merger between the two companies, Louis Gallois has agreed, with the Supervisory Board members, that he will continue to serve as Chair more >>
New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of Management
06.03.2020
BMW Bank GmbH will appoint Kathrin Kerls as its new Chair of the Board of Management, effective 1 April 2020. The 51-year-old lawyer joins the company from UniCredit Bank AG, where she has worked since 2009. more >>
Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012, says GlobalData
04.03.2020
Global light vehicle sales figures from the first month of 2020 should make for alarming reading. Just 6.2 million were sold in January, - the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a leading data and analytics company.Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID more >>
Kia Motors America Announces Record February Sales
03.03.2020
Best-Ever February Sales of the Sportage SUV Leads Kia to a Twenty Percent Year-Over-Year IncreaseKia Motors America today announced record February sales of 52,177 vehicles, a 20-percent increase over the same period last year. Sales were led by the Fo more >>
Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains
03.03.2020
    American Honda trucks set new February record as both Honda and Acura Divisions set new benchmarks    American Honda sales were up 4.2%, with trucks gaining 6% and passenger cars up 2% for the month &n more >>
European Commission and cities and regions pledge closer cooperation to boost uptake of Free Trade Agreements
02.03.2020
Trade Commissioner Phil Hogan joined the members of the European Committee of the Regions' (CoR) commission for economic policy (ECON) on 2 March to discuss the opportunities and obstacles of implementing EU Free Trade Agreements (FTAs) on local and regional level. The ECON members also adopted their recommendations on the implementation of FTAs, t more >>
Hyundai Motor Company appoints new head of Middle East and Africa region
02.03.2020
Hyundai Motor Company has announced the appointment of Mr Bang Sun Jeong as its new vice president of the Middle East and Africa region. Based at Dubai's regional headquarters in the United Arab Emirates, Jeong will oversee the day-to-day operations and wil more >>
Kia Motors announces February global sales
02.03.2020
Kia Motors Corporation today announced its February 2020 global sales results for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 187,844 units sold, which represents a five percent decrease from February 2019.Compared to February 2019, the sales more >>
Wayne Griffiths, new Chairman of the Board of Directors of CUPRA
02.03.2020
The CUPRA Tribe continues to grow    The current CEO is now also the brand’s senior executive    CUPRA expands its team in order to achieve a turnover of one billion eurosWayne more >>
Volkswagen Group with positive business performance in 2019
28.02.2020
 Sales revenue increases to EUR 252.6 billion (+7.1 percent) – operating profit before special items grows to EUR 19.3 billion (+12.8 percent)  Automotive Division: Net cash flow increases markedly to EUR 10.8 (-0.3) billion; net liquidity reaches EUR 21.3 (19.4) billion  Board of Management and Supervisory Board propose an more >>
Mitsubishi Motors Corporation Personnel Changes
28.02.2020
MITSUBISHI MOTORS CORPORATION (MMC) will make the following personnel changes as of March 1. Personnel Changes Effective March 1, 2020 Hiroshi N more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for January 2020
27.02.2020
January 2020     Fiscal Year 2019 (19/04-20/01)     Calendar Year 2020 (20/01-20/01) Volume     YoY(%)     Volume     YoY(%)     Volume &nbs more >>
Renault Retail Group presents its project to change scope between now and 2024
27.02.2020
    Renault Retail Group (RRG) is planning to resize its business activities in France.    The project will involve the sale of ten dealerships to reliable and robust purchasers, safeguarding jobs.    The project will enable RRG to pursue its recovery and optimize future investments. more >>
Groupe PSA achieved a new profitability record in 2019
26.02.2020
•    €74.7 billion Group revenue up 1%•    8.5% Group adjusted operating margin[1] at €6.3 billion•    8.5% Automotive division[2] adjusted operating margin up 0.9 pt at €5.0 billion•    Record net result Group share at €3.2 billion•&nb more >>
In 2019, Groupe PSA contributed €4.4 billion to France’s trade balance
25.02.2020
•    A positive contributor for more than five years•    One-third of French automotive exports are Groupe PSA models•    The Group produces more vehicles in France than in any other country•    Fifteen models are manufactured in France, including high value-added mo more >>
Mercedes-Benz Bank sets records in 2019
24.02.2020
    New business with leasing and financing for Daimler vehicles grows to a new high of 13.3 billion euros in 2019.    Customer deposits increase to 11.9 billion euros.    Growth potential with hybrid and electric vehicles. more >>
Johnson’s no-deal threat ‘further cause for concern’ for UK auto industry, says GlobalData
24.02.2020
Ahead of the trade negotiations between the UK and EU next month, Prime Minister Boris Johnson has vowed to walk away from the table if political and legal sovereignty conditions are not met.A statement from Downing Street said: “The UK’s primary objec more >>
Porsche Ventures invests in US software company DSP Concepts
21.02.2020
Growth financing for audio specialists based in Silicon ValleyDSP Concepts team: 2nd ltr, Paul Beckmann (CTO), 3rd ltr, Chin Beckmann (CEO)Porsche has purchased a stake in Silicon Valley-based DSP Concepts, Inc. A tota more >>
Ford's European unit points the way for Ford turnaround, says GlobalData
21.02.2020
In an exclusive interview with GlobalData, Ford of Europe President Stuart Rowley outlined the unit’s strategy to move from operating at a loss to turning a profit.David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his more >>
Expert comment: Supply and demand problems growing for car makers as coronavirus hits Chinese sales
21.02.2020
 Responding to reports that car sales have fallen 92 per cent in China, Christian Stadler, Professor of Strategic Leadership at Warwick Business School and an expert in the automotive industry, said: more >>
New record for BMW Group idea management – Employee proposals generate over 62 million € in savings
21.02.2020
- Top idea saves 39 million € in first year - Horstmeier: “Our employees make all the difference” Improvements proposed by BMW Group employees reached a new all-time high last year as part of the CRE8 ide more >>
Daimler optimizes decision-making processes and streamlines organizational structure
21.02.2020
    The Board of Directors and the Supervisory Board of Daimler AG and Mercedes-Benz AG optimize Mercedes-Benz Cars’ development, operation and finance area by realigning the Company’s organizational structure. This reorganization will take effect on April 1, 2020. more >>
Abu Dhabi to host United Nations forum on investment and technology for sustainable development.
17.02.2020
World leaders, top CEOs to make global push for sustainable investmentGovernment leaders, global CEOs and other investment stakeholders will step up efforts to promote investment for sustainable more >>
Daimler reports full-year 2019 results
11.02.2020
    Group unit sales of 3.34 million vehicles (2018: 3.35 million)    Revenue up 3% to €172.7 billion (2018: €167.4 billion)    Group EBIT of €4.3 billion (2018: €11.1 billion) more >>
Ford Announces Senior Leadership Changes as Company Continues Transformation
10.02.2020
•    Jim Farley becomes chief operating officer, reporting to president and CEO Jim Hackett, responsible for all global markets and automotive operations, Ford Smart Mobility and autonomous vehicles •    Hau Thai-Tang takes on an expanded role in delivering great products, services and experiences for Ford customers. He will cont more >>
Mitsubishi Motors South Africa announces soaring sales in shrinking market
07.02.2020
•    Retail sales for the 2019 calendar year up by 13.6%•    Latest Triton, new Eclipse Cross lead the way•    January 2020 dealer retail figures up by 31% vs 2019MITSUBISHI MOTORS more >>
Porsche Ventures invests in software start-up Nitrobox
04.02.2020
Hamburg-based company concludes financing round in the single-digit million range     Nitrobox founders: CEO Henner Heistermann and CTO Sven Grimminger (left to right)The software start-up Nitrobox Gm more >>
Honda Trucks Set Records, Acura Cars Rise for American Honda in January
03.02.2020
    American Honda trucks set new January sales record    Honda brand trucks mark best January sales, rising 2.3%    Honda truck sales gains led by HR-V with new January record (up 25%) and Ridgeline (up 57%)    Acura brand car sales rise 6% as ILX climbs 16% and TLX gains 6% more >>
Change of management: Personnel changes at Daimler Trucks & Buses
03.02.2020
    Ulrich Bastert, Head of Sales and Marketing at Daimler Buses, will be retiring in the middle of this year.    Philipp Schiemer, who is the current Head of Mercedes-Benz do Brasil Ltda., will be taking over his position starting on June 1st.    On May 1st, Karl Deppen will become the new Head of Me more >>
Kia Motors announces January global sales
03.02.2020
Kia Motors Corporation has announced its January 2020 global sales results for passenger cars, recreational vehicles (RVs) and commercial vehicles, which saw 215,112 units sold, representing a 2.5 percent rise from January 2019.Sales in Korea decreased to 37,050 units fr more >>
Lexus announces global sales 2019 results
03.02.2020
Global sales for January–December 2019 marked a new annual record high of 765,330 units (a 10% increase from the previous year). In addition to the well-received UX and redesigned ES, which were introduced in 2018, and the popular RX, which underw more >>
Mitsubishi Motors Responsibility Changes in Executive Officers
31.01.2020
Mitsubishi Motors Corporation (MMC) will make the following responsibility changes in the executive officers effective February 1, 2020. Effective February 1, 2020     more >>
Renault-Nissan-Mitsubishi further strenghtens the use of resources and investments
30.01.2020
Renault-Nissan-Mitsubishi today outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company. more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for December 2019 and Calendar Year 2019
30.01.2020
Mitsubishi Motors Production, Sales and Export Figures for December 2019 and Calendar Year 2019December2019     Fiscal Year 2019 (19/04-19/12)     Calendar Year 2019 (19/01-19/12) Volume(unit)     YoY(%)     Volume(unit)     YoY(%)     Volume(unit)     more >>
Appointment of Mr. Luca de Meo as Chief Executive Officer of Renault
28.01.2020
Appointment of Mrs. Clotilde Delbos as Deputy Chief Executive Officer of Renault   Following the selection process led by the Governance and Compensation Committee, the Board of Directors, meeting today under the chairmanship of Mr. more >>
2019 sees production record for SKODA AUTO at its Czech plants
24.01.2020
- More than 900,000 vehicles built in the Czech Republic in a single year for the first time, equating to an increase of 2.25 per cent compared to the previous year- Investments: ŠKODA AUTO has been consistently modernising its three Czech sites in line with Industry 4.0- 2025 Strategy: car manufacturer electrifies its model range and develops more >>
BMW i Ventures Announces Investment in Software Motor Company.
22.01.2020
BMW i Ventures announced today an investment in Software Motor Company (SMC) a Silicon Valley-based company developing the world’s most reliable, efficient and intelligent motor systems.  The new funding will enable SMC to further scale its business and accelerate product development.   “Electric motors are a massive, $10 more >>
Daimler AG Preliminary results for the financial year 2019
22.01.2020
...including anticipated additional expenses below earnings expectationsIn the financial year 2019, Daimler AG has achieved a preliminary Group EBIT of EUR 5.6 billion (financial year 2018: EUR 11.1 billion). Not included therein are anticipa more >>
SEAT Martorell produces more than 500,000 cars in 2019
22.01.2020
    Martorell increases output by 5.4% and consolidates itself as the factory that makes the most cars in Spain    Global SEAT vehicle manufacturing goes up by 12.1%    Production of the new Leon and more >>

2001-2020 automobilsport.com full copyright